Union budget 2014-2015 is out in the public now. The salaried class people who were expecting some huge income tax relief have their dreams shattered.

Commoners
who rely on their income to run their kitchens were expecting the
finance minister to raise the existing tax exemption limit from Rs 2
lakh to Rs 4 lakh -Rs 5 lakh to tackle the pressure of rising
inflation. However, the FM gave just a nominal relief by raising the
tax exemption limit to Rs 2.5 lakh.

Though, the
senior citizens have some reasons to smile with the FM giving them
income tax relief up to an annual income of Rs 3 lakh.

Salaried
class people have expressed their disappointment over the marginal
rise in the tax exemption limit and asking the FM, is it enough?

Nageshwari Shetty, who work as a
content developer in private sector was expecting the exemption limit
to go upto Rs 3- Rs 4 lakh, but she is disappointed with the final
outcome.

She
said, "You know the reason why people were expecting Rs 5 lakh (tax
exemption), is because of increasing rate of inflation. Arun Jaitley
had promised to exempt it up to Rs 5 lakhs only, but at the end of
the day things got totally changed. And I feel the presented figure
won't help me to save even a single penny out of my salary, 'Ache din
aye nahi' (good days have not come)."

Sagar
Pradhan, who works in private sector partially second the words of
Mrs. Shetty. He said, " Some more exemption would have been better
for us. But I think the exemption hadn't been extended upto Rs 5 lakh
because economy might suffer of it. But raise in 80C cap limit will
attract investors at very good extent."

Vipin Kumar
Verma, who works in a software firm in Gurgaon, sees things partially
good and partially bad. "Rise in tax exemption limit was much
expected but an increase Rs 50,000 would not help as much as
inflation was hitting us for the past few years so badly. This rise
would not suffice, but it will let lower and middle men to take home
more salary by saving Rs 5000 year in a tax that is equivalent of
416.67 per month. But raising cap limit on 80C is definitely a
welcome move as that would help people to save more to fight
inflation in future."

People
working government sector are also not much happy with the tax
exemption. Professor at a government run journalism institute, Surya
Prakash, divulged his disappointment and stated, "What kind of
exemption it has been made? It will help common man nowhere. This
budget is not up to my expectations honestly, especially in this case
(taxation)."